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Excerpts from Colter Corporation's most recent balance sheet appear below: Year 2 Year 1 Current assets: Cash $ 109 $ 139 Accounts receivable, net 138
Excerpts from Colter Corporation's most recent balance sheet appear below:
Year 2 | Year 1 | ||||||||||
Current assets: | |||||||||||
Cash | $ | 109 | $ | 139 | |||||||
Accounts receivable, net | 138 | 148 | |||||||||
Inventory | 227 | 217 | |||||||||
Prepaid expenses | 59 | 59 | |||||||||
Total current assets | 533 | 563 | |||||||||
Total current liabilities | $ | 396 | $ | 385 | |||||||
Sales on account in Year 2 amounted to $1,685 and the cost of goods sold was $1,005.
The working capital at the end of Year 2 is:
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